PostNL delivers fewer parcels due to consumer uncertainty

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PostNL delivered significantly fewer parcels in the last quarter. Consumers are insecure about high inflation, rising prices and the war in Ukraine, which means they order fewer products on the Internet. Other parcels were also sent last year due to the corona pandemic and the closures.

“The war in Ukraine remains extremely worrying and has serious consequences for millions of people. This leads to additional uncertainty for the overall economic climate, where there are now also new lockdowns in China due to corona,” said top woman Herna Verhagen.

“This is driving further inflationary pressures, reflected in rising fuel prices and labor costs, in addition to continued disruptions to global supply chains. The composition of consumer spending could temporarily shift towards the services, also due to the increase in the prices of certain goods, which could contribute to the development of sales on the Internet.”

According to Verhagen, the company has been under pressure on parcel volumes since the start of the war in Ukraine and faces higher costs than expected. PostNL delivered 87 million parcels in the last quarter, compared to 108 million in the same period last year.

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